A stamp duty cashback mortgage is launched by Barclays
A new fixed rate cashback mortgage has been launched by Barclays, that will allow first-time buyers and home movers to recoup stamp duty paid on purchases over £125,001.
- The new deal on offer is a 5 year fix for up to 80% LTV at 2.69%.
Home buyers will receive £1,250 cashback on property valued at between £100,000 and £150,000, and those buying a more expensive home valued at between £150,000 and £500,000 will receive £2,500.
In addition to this incentive, Barclays also advise that there are no product or valuation fees to pay.
A number of lenders have recognised that the amount of stamp duty payable on a new property could actually stand in the way of the purchase proceeding. Which is why lenders such as Barclays, have taken steps to incentivise first time buyers and home movers with a cashback offer.
If you need help to find the mortgage solution that suits your requirements you are strongly advised to engage the professional services of Deal Direct. We have strong relationships with specialist lenders and are experts at finding the best mortgage deals for our clients.
Find out about your mortgage options,
contact us at Deal Direct on 0800 048 8828.
